Global Online Pharmacy Market

20 May

Sample

Global Online Pharmacy Market Poised to grow at a CAGR of 17.5% by 2024

  • By admin

  • January, 1970

 Infinium Global Research has added a new report on Online Pharmacy Market. The report presents analysis of global as well as regional markets of online pharmacy over the period of 2018 - 2024.  Online pharmacy is a platform which acts as an intermediary between customer and the vender for the sale of medicines. Customer have to search and upload the prescription from doctor and receive their medicine at their doorsteps rather physically visiting the pharmacy store to procure medicines. Growing internet usage worldwide, developed healthcare infrastructure and rising awareness among the user about benefits of ecommerce are some of the factors driving the growth of the market. Change in customer behavior with an increased demand for convenience is the key factors for the growth of the market. Additionally, increasing adoption of digital technology in healthcare sector is expected to fuel growth in this market.

 

Online pharmacies are gaining acceptance due to number of offers such as discounts, access to complete information on prescribed drug, on delivery of medicines, and easy availability of drugs that helps in cost savings. Moreover, rise in acceptance of e-prescriptions in hospitals and other healthcare facilities is further likely to boost growth of the market. Increasing healthcare sector in the developing economies and rising requirements of healthcare products & services has led to the demand of online pharmacies. Increasing prevalence of chronic conditions is another key factor for growing demand of various drugs and healthcare products. On the other hand, increasing burden of operational cost and lack of awareness in emerging countries are likely to hamper the growth of the market.

 

Among the regions, North America is expected to be the largest market for online pharmacy. Growing adoption of ecommerce, increasing pharmaceutical needs and rise in geriatric population are some of the key factors that drive the growth in this region. Increase in investments and government initiatives for improving the healthcare infrastructure in the Asia Pacific region is expected to grow at a highest rate in the coming years. The online pharmacy market in China and India have a huge potential for growth. Changing guidelines in the regions and rise in demand for customer healthcare products due to change in lifestyle is driving the market growth of these countries.

 

The implementation of different business model and marketing strategies to retain market position with customer trust is the key strategy of the leading player of this market. The leading players are focusing on marketing strategies to boost the market in region such as Asia-Pacific and Latin America. The companies profiled in the report are drugstore.com Inc., The SANICARE Group, Domzdrowia.pl SA, CanDrugstore.com, Walgreen Co, Rowlands Pharmacy, Lloyds Pharmacy Ltd, eDrugstore.MD, CanadaDrugs.com, and Others leading players. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the Global online pharmacy market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018 to 2024.

 

Get 15% discount for early purchase of Global online pharmacy market report by clicking the following link, Use code IGRD15 to request the discount in the given form           

https://www.infiniumglobalresearch.com/reports/request-discount/1391

 

The recent report on Global online pharmacy market identified that North America dominated the Global online pharmacy market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the online pharmacy market worldwide.

               

The report segments the Global online pharmacy market on the basis of type, and end use channel       

               

Global Online Pharmacy Market by Type            

                • Prescription

                • Non-Prescription

 

Global Online Pharmacy Market by End Use Channel    

                • App only

                • Online store

 

Global Online Pharmacy Market by Regions      

                • North America

                • Europe

                • Asia-Pacific

                • RoW

               

Companies Profiled in the report           

                • drugstore.com Inc

                • The SANICARE Group

                • Domzdrowia.pl SA

                • CanDrugstore.com

                • Walgreen Co

                • Rowlands Pharmacy

                • Lloyds Pharmacy Ltd

                • eDrugstore.MD

                • CanadaDrugs.com

                • Others

               

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.